Salvadoran Construction Chamber requests $375 million
The group proposes that housing and public works be reactivated in order to face the crisis and revive the economy.
Tuesday, November 18, 2008
Yesterday, the Salvadoran Construction Chamber (Casalco) proposed a preliminary plan (Law of Preferential Interest Rates), which would require $375 million for housing which would be financed by commercial and state banks.
Producers Associations in El Salvador expressed concerns about the tightening of credit policies.
Local companies have taken out loans with foreign banks worth approximately $1.2 billion.
According to projections for 2009 by Banguat, lines of credit from abroad could fall to $50 million.
Between January and November 2013, Panamanian banks gave out 14% more loans than in the same period of 2012.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar